Raymond James Weighs in on Edgefront Real Estate Investment Trust’s FY2024 Earnings (TSE:NXR)

Edgefront Real Estate Investment Trust (TSE:NXR) – Research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Edgefront Real Estate Investment Trust in a research note issued on Wednesday, April 24th. Raymond James analyst B. Sturges now expects that the company will post earnings of $0.74 per share for the year, down from their previous forecast of $0.75.

Edgefront Real Estate Investment Trust (TSE:NXR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.17). The company had revenue of C$42.01 million during the quarter.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.053 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of ∞.

Edgefront Real Estate Investment Trust Company Profile

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.